Extracted from the American National Standard, Crawler, Locomotive and Truck Cranes, ANSI B30.5b-1985, with the. permission of the Publisher the American Society of Mechanical Engineers, 345 E. 47th StrÃ¦t, New York, New York 10017.
clarification (Noun). The act of clarifying; the act or process of making clear or transparent by freeing visible impurities; particularly, the clearing or fining of liquid substances from feculent matter by the separation of the insoluble particles which prevent the liquid from being transparent. statementâin this case, a clarificationâmay be required, stating that the teachers then have time to appeal their dismissal before the termination takes effect. A clarification is not the same as a correction, which corrects factual errors in a published story.
Tolerable Misstatement. This is defined in ISA 530 Audit Sampling as : A monetary amount set by the auditor in respect of which the auditor seeks to obtain an appropriate level of assurance that the monetary amount set by the auditor is not exceeded by the actual misstatement in the population.. It is the practical application of performance materiality to an audit sample.